New Jersey gambling revenue from sports betting have gone up by 43.6%. James Plousis, chairman of the New Jersey Casino Control Commission, said that even though April’s casino revenue was down this year, it remains the second-strongest April in 11 years. The latest monthly revenue report from the New Jersey Division of Gaming Enforcement has disclosed that combined gambling revenues for April came to $462.7 million. The latest figures depict an increase of 9.5% on the $422.5 million reported in April of 2022 and a drop of almost 5% on the $487 million reported in March 2023. Jane Bokunewicz, faculty…

Caesars Entertainment has announced the relaunch of its Tropicana Online Casino in New Jersey, complete with new offerings and unprecedented rewards. According to the company’s statement, the iGaming brand now offers customers an improved catalog of industry-leading casino games, as well as better integration with Caesars Rewards, the company’s loyalty program. Matthew Sunderland, Senior Vice President of iGaming at Caesars Digital, stated that Caesars has a history of providing the best gaming experience in New Jersey, and the relaunch of the Tropicana virtual casino represents a crucial step forward in the company’s quest to offer valued customers the best iGaming…

As the rest of the gaming community across the country enjoys a rebound, New Jersey gambling revenue has rebounded as well. The New Jersey Division of Gaming Enforcement reported that total gaming revenue in the state rose 290% from last year at this time. In May of 2020, the state only made $96 million. But this May things turned around with a $374 million windfall. Online gambling in New Jersey helped a lot, generating over $108 million, while sports betting brought in nearly $53 million. Las Vegas hit the $1 billion mark month in March… it’s first such month since…

Records are made to be broken, and New Jersey online gambling has done just that. Recently, they surpassed Nevada to take the sports betting lead in America. And now they are the first state to surpass $100 million in online gambling revenue in a month. Sports betting in the state set a new record high of $82 million, a 54% jump from January of last year. Gamblers bet over $945 million on sporting events for the month, down from the previous record $996 million in December of 2020. Online casino revenue reached a record high for the month with a…

As the economic free fall continues for the gambling industry amidst the Coronavirus pandemic, New Jersey sports betting has finally overtaken Nevada as leader of the American market. New Jersey’s total handle was over $6 billion last year, while Nevada sports gambling took in only $4.3 billion in 2020. Nevada regulators cited the coronavirus pandemic for the falling revenue. The first legal bet in New Jersey was placed in June of 2018. “The reason for the decrease to this calendar year was the result of the suspension of gaming operations from March 18 through June 4 due to COVID-19,” the…

The state Casino Control Commission has given a license for Golden Nugget New Jersey. They also conditionally approved a merger of Golden Nugget with an existing special purpose acquisition company already traded on the Nasdaq. Federal regulators must still approve the merger before it becomes final. Vice President of Golden Nugget Atlantic City, Richard Liem, testified that the primary benefit of taking an online gaming entity public was access to capital. He stated that “You need to have adequate access to capital to be able to grow and compete effectively in this nascent and very quickly growing industry.” Casino Control…